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Dec 11, 2012
12/12
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22 days left until we go over the so-called fiscal live, and even after president obama and speaker boehner met for the first time in over a month we still appear to be no closer to a deal. but over the weekend, for the first time both sides did seem to be softening the edges of their ideological swords. today in detroit the president continued his campaign-style push for congress to pass tax breaks for those below $250,000 and allow tax breaks for the wealthy to expire. >> a lot of people are putting forth a theory, and i actually think it has merit where you go and give the president the 2% increase that he's talking about, the rate increase on the top 2%. so there is a growing body. actually am beginning to believe that is the best route for to us to take. >> in my view we all agree that we're not going to raise taxes on people who make less than $250,000. we should just take them out of the discussion right now. >> i think if it got to the floor it would carry. >> eliot: as the republicans begin to come around on the tax rates democrats have become open to limited entitlement reform. th
22 days left until we go over the so-called fiscal live, and even after president obama and speaker boehner met for the first time in over a month we still appear to be no closer to a deal. but over the weekend, for the first time both sides did seem to be softening the edges of their ideological swords. today in detroit the president continued his campaign-style push for congress to pass tax breaks for those below $250,000 and allow tax breaks for the wealthy to expire. >> a lot of...
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Dec 5, 2012
12/12
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i've known john boehner for 21 years. he recognizes that the republicans also running for re-election said to their constituents "we will not raise your taxes. we will not do anything in this economic recession to make things worse "." raising the top two rates is going to hit the job creators and i think what john boehner has said, he said this the day after the election, governor, he said we recognize that the elections have consequences, the president won. republicans are willing to give the president most of what he wants, $800 billion somewhere around a trillion of additional revenue. how do we get there. the president wants to increase tax on the wealthy. republicans want to close loopholes. i think we're a lot closer than the president and congressional republicans would lead you to believe. it is a question of how do we get there. >> jennifer: don't you think ron, if they close loopholes now, then they're not going to be able to lower the corporate tax rate -- it depends on which loopholes you close whether person
i've known john boehner for 21 years. he recognizes that the republicans also running for re-election said to their constituents "we will not raise your taxes. we will not do anything in this economic recession to make things worse "." raising the top two rates is going to hit the job creators and i think what john boehner has said, he said this the day after the election, governor, he said we recognize that the elections have consequences, the president won. republicans are...
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Dec 6, 2012
12/12
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CURRENT
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cohost jim ward imitating boehner. they are going to kill all pour people -- and then there is a whole transcript. and they beat you to a hitler reference. when the republicans don't agree with the president they want to slaughter the poor en masse, kind of like hitler. [ applause ] >> stephanie: the comments are much more precious. we have got all of the mulch we'll ever need right between stephanie miller's ears. zing. yikes. bam. nothing but comedy net there. don't confuse mulch with soggy shredded wheat. >> what? huh? >> stephanie: all right. ♪ karl ♪ >> stephanie: karl frisch bullfightstrategies.com. ♪ so inciting to me ♪ >> stephanie: karl frisch what did you do to make news busters. >> good morning, you three, you are nothing but a common coat catcher, you two. i swear to god it sounds like a 1920s movies. >> you couple of coat catchers. >> stephanie: the gop also strangles puppies, pushes old ladies off of the stairs in her wheelchair, and tangles kittens. geez. karl frisch what did you do to make news
cohost jim ward imitating boehner. they are going to kill all pour people -- and then there is a whole transcript. and they beat you to a hitler reference. when the republicans don't agree with the president they want to slaughter the poor en masse, kind of like hitler. [ applause ] >> stephanie: the comments are much more precious. we have got all of the mulch we'll ever need right between stephanie miller's ears. zing. yikes. bam. nothing but comedy net there. don't confuse mulch with...
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Dec 11, 2012
12/12
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aids say the president wanted boehner to offer up more issues on the tax revenue, and boehner wants the president to be more particularly about spending cuts. states have until this friday to tell the federal government whether they want to set up their own insurance exchanges or do it themselves. the government has given conditional approval to six tait -- states who want to do it themselves. six want a state and federal partnership, and six haven't said anything at all. tennessee is the latest to say it won't set up an online marketplace bringing the total to 21. republican governor said he is not a fan of the care act but he is one of several republicans who just did nothing until now, hoping the law would be overturned. we're back after the break. >> she gets the comedians laughing... >> that's hilarious! >> ...and the thinkers thinking. >> okay, so there's wiggle-room in the ten commandments is what you're telling me. >> she's joy behar. ... and current will let me say anything. >> only on current tv. i think the number one thing that viewers like about the young turks is that we'r
aids say the president wanted boehner to offer up more issues on the tax revenue, and boehner wants the president to be more particularly about spending cuts. states have until this friday to tell the federal government whether they want to set up their own insurance exchanges or do it themselves. the government has given conditional approval to six tait -- states who want to do it themselves. six want a state and federal partnership, and six haven't said anything at all. tennessee is the...
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Dec 5, 2012
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boehner is getting ready to -- be reasonable? >> no. it means there's disarray in the republican party. >> stephanie: two of the most conservative republicans in the house have been kicked off the house budget committee. a rare move that could make it easier for the fanel to advance a deal with democrats to cut deficits but -- >> grover norquist drowns himself in a bathtub. after he hears that. >> he made me do it. >> stephanie: two of the republicans that vote most often against boehner. boehner is trying to control his caucus. >> i'll be really surprised -- >> stephanie: these two guys, whatever their names are they said despite sweeping changes to medicare and medicaid, paul ryan's budget didn't make deep enough cuts to entitlement. those guys. yeah, that wasn't quite mean enough. [ applause ] >> i would be surprised if boehner kept his leadership position in the next congress. >> stephanie: really? >> yeah. because he's not -- >> stephanie: i picture eric cantor rubbing his hands together like snidely whiplash. >> he can't keep the
boehner is getting ready to -- be reasonable? >> no. it means there's disarray in the republican party. >> stephanie: two of the most conservative republicans in the house have been kicked off the house budget committee. a rare move that could make it easier for the fanel to advance a deal with democrats to cut deficits but -- >> grover norquist drowns himself in a bathtub. after he hears that. >> he made me do it. >> stephanie: two of the republicans that vote...
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Dec 9, 2012
12/12
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. >> speaker boehner fired back. >> this week, we made a good faith offer to avert the fiscal crisis. now, we need a response from the white house. we can't sit here and negotiate with ourselves. >> so, here we are, just over three weeks from going over the fiscal cliff. you're probably getting a lot of stuff around the house this weekend wondering what the heck is going on in these houses in washington. this is the worst of american politics. they put themselves and their political games first and put your future and prosperity second, but hey, you voted them into office. remember what happened the last time washington got into a budget battle like this? lawmakers put a band-aid on the problem and the u.s. lost its aaa crediting rating. i've warned you over and over about the economic storm headed our way partly because of europe and this fiscal lif, but i've also told you about an american economic renaissance that could be just ahead. just beyond the storm clouds. the fiscal cliff is fixable, but every day washington fails to make a deal, more damage is being doing. john king, ken
. >> speaker boehner fired back. >> this week, we made a good faith offer to avert the fiscal crisis. now, we need a response from the white house. we can't sit here and negotiate with ourselves. >> so, here we are, just over three weeks from going over the fiscal cliff. you're probably getting a lot of stuff around the house this weekend wondering what the heck is going on in these houses in washington. this is the worst of american politics. they put themselves and their...
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Dec 12, 2012
12/12
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. >> stephanie: and they're looking at this same polling and yet john boehner is still saying things like this. >> where are the president's spending cuts? the longer the white house walks this process the closer our economy gets to the fiscal cliff. >> stephanie: how many times can the president say it? you know, this is not negotiable. tax rates have to go up on the wealthiest. >> right. well you know, it is a very strange situation. it does feel a lot like groundhog day. but i think john boehner knows what's going to happen and right now, what he's trying to do is make a deal that won't cost him his speakership and it also won't be undermined by people in his caucus. he needs to have a significant share of republican's vote for whatever we do and i think he's trying to do that. that's why he sent us home a day early last week and canceled business this week. i think he's trying to keep his own people out of town so he has more flexibility in coming up with a solution. >> stephanie: you know it seems to me, representative, you described it exactly right. that's the problem is that
. >> stephanie: and they're looking at this same polling and yet john boehner is still saying things like this. >> where are the president's spending cuts? the longer the white house walks this process the closer our economy gets to the fiscal cliff. >> stephanie: how many times can the president say it? you know, this is not negotiable. tax rates have to go up on the wealthiest. >> right. well you know, it is a very strange situation. it does feel a lot like groundhog...
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Dec 13, 2012
12/12
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boehner, why are you representing the 2% and not just the 98%. lots and lots to talk about here this morning. and you'll want to get into the conversation, we know, and you can do so, give us a call at 1-866-55-press. follow us on twitter and talk to us on twitter at bpshow. or on facebook. facebook.com/billpressshow. our team here, entire team, phil backert has the phones. >> go ahead. >> bill: peter ogborn and dan henning. it was a tough lunch yesterday. >> still a little foggy. i've never seen you drink so many martinis. >> bill: well, they're good at the palm. so i just tell them to make a pitcher. [ laughter ] >> bill: i was well-behaved compared to cyprian. cyprian is our videographer here. he slept from noon yesterday until what? i think 4:00 this morning. >> he just woke up. he looks terrible this morning. >> bill: poor guy. he can't even speak to defend himself. >> i've never seen anybody mix cocktails the way he did. he put a little bit of everything behind the bar. rum, tequila vodka tomato juice and pineapple juice. >> bill: it beats
boehner, why are you representing the 2% and not just the 98%. lots and lots to talk about here this morning. and you'll want to get into the conversation, we know, and you can do so, give us a call at 1-866-55-press. follow us on twitter and talk to us on twitter at bpshow. or on facebook. facebook.com/billpressshow. our team here, entire team, phil backert has the phones. >> go ahead. >> bill: peter ogborn and dan henning. it was a tough lunch yesterday. >> still a little...
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Dec 7, 2012
12/12
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>> you can't take anything boehner says seriously at all. it's so win-win for the democrats on this. and i would like to see the president go off the cliff and let the republicans try to vote it down. >> stephanie: we posted a great article -- it was the best thing i have read about the l.a. times, where he said let's hold hands and walk down together. it's not that bad. all of the nobel prize winning economists asking george bush not to enact these policies in the first place. >> exactly right. this was used because bill clinton has a surplus. bush said let's give it away to rich people. where is the money? it's gone. we can't have these cuts anymore. >> stephanie: yeah. mitch mcconnell is up for reelection in 2014 rand pall not until 2016. >> yeah because mitch mcconnell would love to see rand paul gone. and they have already said they are going to open up their box of tricks against her. >> stephanie: rand paul is one of those tea party jerks that i can't wait to get rid of. and i think people forget how extreme he is. he said we had a co
>> you can't take anything boehner says seriously at all. it's so win-win for the democrats on this. and i would like to see the president go off the cliff and let the republicans try to vote it down. >> stephanie: we posted a great article -- it was the best thing i have read about the l.a. times, where he said let's hold hands and walk down together. it's not that bad. all of the nobel prize winning economists asking george bush not to enact these policies in the first place....
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Dec 7, 2012
12/12
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so if boehner and company need to do are the following. one, they need to understand the game that obama is playing and they need to adjust accordingly to it. if obama is acting a way that isn't to help the economy but to destroy the republican party, they have to accept that and act wisely. it would be suicidable to assume you are dealing with a reasonable and flexible man what you are not. and two, house republicans need to advance legislation that needs to advance their agenda and send it to the senate. if it dice, sobeit. at least they will offer an alternative. and republicans need to keep in mind if we go over the cliff, we know republicans will be blamed, but obama will also be badly damaged by this. he's head of the parade and a a badly weakened economy is going to hurt him more than anything. the republicans need to figure out their hand is stronger than they think, and they need to remember they are the ones that control spending and under no circumstances should they ever give obama a blank check or give up their constitutional
so if boehner and company need to do are the following. one, they need to understand the game that obama is playing and they need to adjust accordingly to it. if obama is acting a way that isn't to help the economy but to destroy the republican party, they have to accept that and act wisely. it would be suicidable to assume you are dealing with a reasonable and flexible man what you are not. and two, house republicans need to advance legislation that needs to advance their agenda and send it to...
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Dec 5, 2012
12/12
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people trying to enter the middle class. >> stephanie: the president on boehner. >> obama: speaker boehner and i speak frequently. i think the issue -- >> when will the two of you sit down in a room? >> obama: i don't think that the issue right now has to do with sitting in a room. >> stephanie: oh please, how many times do you think that boehner drunk dials the president? i'm so flabbergasted! >> get off the phone! >> john, put the phone down. >> stephanie: he drunk dials him. >> john, get away from the phone. we're not going to let you do this. john, stop it. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and fairy dust. [farting sound] >> stephanie: it is -- >> it is not a secret. we can't say it in public or we'll get run out of town. >> stephanie: harry reid again. >> arithmetic. you can't get from here to there unless you raise the rates. that's why romney couldn't explain it during the presidential election. no one can explain it because you can't do it. it is arithmetic. >> a little animated th
people trying to enter the middle class. >> stephanie: the president on boehner. >> obama: speaker boehner and i speak frequently. i think the issue -- >> when will the two of you sit down in a room? >> obama: i don't think that the issue right now has to do with sitting in a room. >> stephanie: oh please, how many times do you think that boehner drunk dials the president? i'm so flabbergasted! >> get off the phone! >> john, put the phone down. >>...
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Dec 13, 2012
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youjohn boehner in the briefing room has a chart. in boehner's words as we've been given excerpts by his staff is spending. the problem is entitlements. that is what's driving the debt. you see that large red portion of that chart that boehner is about to use. you know, the question is, will he have the votes to pass whatever it is he puts on the floor, thomas? and there's an ironclad rule in the house of representatives. and that is, a speaker does not put something on the floor that is not going to pass with the majority of his congress, in this case, republicans, and anything with tax hikes on it as the president is insisting on, whether that gets on the floor or republicans, that's highly questionable. >> is foster friess giving you a little ankle there? >> foster friess, that's a name from the past. >> kristen, let's talk about what the president is able to acquiesce about spending cuts? this about compromise or total victory? >> i think to some extent it's about compromise. but there is no doubt that president obama believes he
youjohn boehner in the briefing room has a chart. in boehner's words as we've been given excerpts by his staff is spending. the problem is entitlements. that is what's driving the debt. you see that large red portion of that chart that boehner is about to use. you know, the question is, will he have the votes to pass whatever it is he puts on the floor, thomas? and there's an ironclad rule in the house of representatives. and that is, a speaker does not put something on the floor that is not...
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Dec 8, 2012
12/12
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but boehner has been making tough calls. when it comes down to it he's going to agree to something with the president and it is not going to be able to pass his own conference. do you have any sense of what you think he's able to do and not do at this point? >> we come back again to the entitlement question. it's going to be easier for the caucus to swallow some tax rate increase if they have something to show for it. and the irony here, on a whole variety of issue, the democrats should be in favor of certain kinds of entitlement reforms. it's not actually that big of a give. on social security, as an example, democrats have won for the time being on privatization being completely off the table. there's a strong argument for trying to lock that in now as oppose eed to waiting and having that potentially come back. in addition, one of the big concerns here is doing too much fiscal austerity too soon. the more you did in the form of social security chrks can be phased in gradually over time, the lighter the load imposed in 201
but boehner has been making tough calls. when it comes down to it he's going to agree to something with the president and it is not going to be able to pass his own conference. do you have any sense of what you think he's able to do and not do at this point? >> we come back again to the entitlement question. it's going to be easier for the caucus to swallow some tax rate increase if they have something to show for it. and the irony here, on a whole variety of issue, the democrats should...
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Dec 8, 2012
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. >> speaker boehner fired back. >> this week we made a good faith offer to avert the fiscal crisis. now we need a response from the white house. we can't negotiate with ourselves. >> here we are just weeks away from going over the fiscal cliff. you probably wonder what's going on in these houses in washington. they put themselves and their political gains first and put their future in prosperity second. hey, you voted them in. remember what happened the last time washington got into a budget battle like this? lawmakers put a band aid on the problem and the u.s. lost its aaa credit rating in the process. i warned you about the economic storm headed our way, partly because of europe and partly because of this fiscal cliff. i also told you about an american economic renaissance that could be just ahead. just beyond the storm clouds. the fiscal cliff is fixable. every day washington fails to make a deal, more damage is being done. john king, ken rogath is the former chief economist at the international monetary fund and diane swonk joins us from mezro financial. john, some people say do
. >> speaker boehner fired back. >> this week we made a good faith offer to avert the fiscal crisis. now we need a response from the white house. we can't negotiate with ourselves. >> here we are just weeks away from going over the fiscal cliff. you probably wonder what's going on in these houses in washington. they put themselves and their political gains first and put their future in prosperity second. hey, you voted them in. remember what happened the last time washington...
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Dec 8, 2012
12/12
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they are open to it in 2011 in the boehner/obama talks. they are open to it now. what's weird about this policy is it's always presented as the height of fiscal responsibility, even though it's kind of fiscally irresponsible, which brings us to the challenge. why raising the age does not save you very much money and is probably a bad policy idea in under two minutes. do we have the clock? let's do it. the argument for cutting 65 and 67 years old out of medicare in a deficit talk is simple. it saves money. the keizer family foundation estimates that when it's all said and done, the government could save $5.7 billion in the first year of that plan. but those 65 and 66-year-olds they don't disappear. they are still going to be here and they are even going to get sick sometimes, which means the savings we'd see by kicking them off medicare rolls will pop back up in the economy. it's not pure savings, it's a cost shift. first and foremost, you're going to see increased costs for seniors who will have to find another health insurer since medicare is huge and uses its ba
they are open to it in 2011 in the boehner/obama talks. they are open to it now. what's weird about this policy is it's always presented as the height of fiscal responsibility, even though it's kind of fiscally irresponsible, which brings us to the challenge. why raising the age does not save you very much money and is probably a bad policy idea in under two minutes. do we have the clock? let's do it. the argument for cutting 65 and 67 years old out of medicare in a deficit talk is simple. it...
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Dec 6, 2012
12/12
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i think boehner understands that. it's an issue if he can convince his conference. >> if the deal is middle class people get their tax cut continued, 2% of people don't get it. is that a good deal for the president or is that a tricky deal by the republicans? >> no -- >> puts off the fight over spending. >> he decouples tax rates which is what he's tried -- frankly, democrats have been trying to do this for eight years. this is an eight-year-long campaign to decouple the tax rates for the rich. so yes, i talked to a high-level aide today that said -- i said, if you don't get the big deal -- because right now we're basically that small deal, which would not be a small thing, doing that, but you might not get the large grand bargain that you hope for -- >> why wouldn't the republicans take cuts in entitlements, take cuts in general government spending as pa rt of a deal. >> they don't think -- the president hasn't outlined the cuts in entitlements. this is where the political gamesmanship goes on their side. they sit th
i think boehner understands that. it's an issue if he can convince his conference. >> if the deal is middle class people get their tax cut continued, 2% of people don't get it. is that a good deal for the president or is that a tricky deal by the republicans? >> no -- >> puts off the fight over spending. >> he decouples tax rates which is what he's tried -- frankly, democrats have been trying to do this for eight years. this is an eight-year-long campaign to decouple the...
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Dec 9, 2012
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boehner is boring the hell out of everybody and talking about stuff that no one, except in washington and some people want to hear. >> i don't think he even understands what he said, doug. >> it would be pretty easy if he said you know we have got to get together for the god of the sun tri. we can solve these problems together for economic growth. i would love to sit with the president new in the spirit of the holidays and solve the problem. if he did that, then he could reach you, reach me, reach us all. >> we all have a stake in this. >> everybody is talking about taxing the rich. does anybody care about taxing the rich? no. nobody is talking about the spending the do you police sit programs we have in this country. why aren't people talking about cutting back on spending. >> we are not even talking about giving aid to egypt and pakistan. we are not even talking about cutting anything on that at all. >> there is bigger issue. we need jobs. economic growth and revitalization of the american spirit. when you watch this and see america being degraded and devalued you have to be sad. >>
boehner is boring the hell out of everybody and talking about stuff that no one, except in washington and some people want to hear. >> i don't think he even understands what he said, doug. >> it would be pretty easy if he said you know we have got to get together for the god of the sun tri. we can solve these problems together for economic growth. i would love to sit with the president new in the spirit of the holidays and solve the problem. if he did that, then he could reach you,...
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Dec 5, 2012
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boehner said no way. and then tom cole said boehner should not offer a counterproposal to the fiscal cliff deal the president presented. boehner offered a proposal yesterday. i asked cole if he's frustrated with john boehner. >> no, not in the least. look, i support the speaker. and we're actually not very far apart on anything. and, you know, at the end of the day, he's going to negotiate a deal. it will probably be a challenging vote for a lot of people. i always support him. i would expect i will again and try and persuade others. just to be clear, i'm not for raising taxes on anybody. i think it's a mistake. i think all republicans believe that. however, you have to recognize the reality that at the end of the month, tax rates for every american that pays income tax are going to go up. so there is an area that we do agree with the president on. that is 98% of the american people, getting about 80% of this tax cut shouldn't have their taxes raised. so my suggestion -- it was delivered, by the way, in p
boehner said no way. and then tom cole said boehner should not offer a counterproposal to the fiscal cliff deal the president presented. boehner offered a proposal yesterday. i asked cole if he's frustrated with john boehner. >> no, not in the least. look, i support the speaker. and we're actually not very far apart on anything. and, you know, at the end of the day, he's going to negotiate a deal. it will probably be a challenging vote for a lot of people. i always support him. i would...
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the president is john boehner are facing off for what couldçe a down to the wire nail-biter of a fiscal fight. indeed, the stakes are so high, the pressure so intense, that the house is calling it quits for the week. giving themselves another much deserved break. of course, not before demanding action from the president. >> where are the specifics? where are the discussions? nothing is going on, so we asked the president, sit down with us. >> i'll be here, i'll be available at any moment to sit down with the president to get serious about solving this problem. >> of course the speaker had to clarify that since the house is not back in session till tuesday. leaving just three days on the legislative calendar to get a deal. don't work too hard, guys. the president began his day meeting with business leaders a suring them he passionately roots for their success. even as he broke the news face to face that their taxes are going up. >>. >> let's allow higher rates to go up for the top 2%, that includes all of you, yes. but not in in way that will affect your spending, lifestyles or the econo
the president is john boehner are facing off for what couldçe a down to the wire nail-biter of a fiscal fight. indeed, the stakes are so high, the pressure so intense, that the house is calling it quits for the week. giving themselves another much deserved break. of course, not before demanding action from the president. >> where are the specifics? where are the discussions? nothing is going on, so we asked the president, sit down with us. >> i'll be here, i'll be available at any...
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Dec 7, 2012
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so it must come down to boehner's future. do you see more and more republicans starting to peel off in the house? will this pressure mount? >> absolutely. i think -- i think we're seeing an awful lot of republicans already folding privately. and i think that that's being reflected in the larger debate. i think we're going to see more of that. i mean, i'm very struck by -- the day after we had the sacred cows of the republican party -- i mean, there was a barbecue of the sacred cows. it was amazing. grover norquist, persona non grata. karl rove, completely unwelcomed in many corners in which he was star in the sun king. i think as people are feeling that, you're sensing that they really need to rethink in both short term and long term what kind of a republican party can they be? >> okay. donna gentile-o'donnell and michael eric dyson. professor, great to have you with us tonight. >>> there's a lot more coming up in the next half hour of "the ed show." stay tuned. >> we're not going to implement obama care in florida. >> we're
so it must come down to boehner's future. do you see more and more republicans starting to peel off in the house? will this pressure mount? >> absolutely. i think -- i think we're seeing an awful lot of republicans already folding privately. and i think that that's being reflected in the larger debate. i think we're going to see more of that. i mean, i'm very struck by -- the day after we had the sacred cows of the republican party -- i mean, there was a barbecue of the sacred cows. it...
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we just talked about it with john boehner. does that help or hurt? >> home run for exchange trade for two reasons. whatever happens on the fiscal cliff, whatever they get their act together to do, two things will happen. tax rates will go up on capital gains and dividend. etfs or more tax efficient, more people will follow into that place. i also think some people trapped in mutual funds because they have low tax basis will do tax gains harvesting, realize their gains, pay 15% and move that money finally into cheaper, more tax efficient and better profits etf has to offer. >> trader talk column, trader talk cnbc.com in a few moments. that's what's hot, etfs. back to you. >> we look forward to that very much. thanks, guys. gold market selling off a little bit. at the close, sharon epperson tracking the action at the nymex. moving into stocks and out of the metals. >> they are. we're seeing a little bit of weakness in the gold futures price. gold etfs held up steadily over the last several weebs as well as record levels, in fact. in term of the flat pr
we just talked about it with john boehner. does that help or hurt? >> home run for exchange trade for two reasons. whatever happens on the fiscal cliff, whatever they get their act together to do, two things will happen. tax rates will go up on capital gains and dividend. etfs or more tax efficient, more people will follow into that place. i also think some people trapped in mutual funds because they have low tax basis will do tax gains harvesting, realize their gains, pay 15% and move...
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Dec 9, 2012
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are you suggesting that -- or was it just a slip of the tongue that maybe john boehner and that republican leadership, that they don't believe in the country? >> no. you know, the members of congress who i know in both parties are patriotic. they love the country. but we've created an incentive system that gets you knocked off in your primaries, you know, unless you are willing to be intransigent and to say, "i will never compromise." you know, richard murdoch beat dick luger in indiana by saying, "i will never compromise." you know, bill, thank goodness he wasn't at the constitutional convention. we wouldn't have a country today. >> how did we incentivize obstinacy? >> well, one of the things that's happened is that the ideologues in both parties have really started focusing on the primaries, because we have a system, you know, 46 of the 50 states, if you lose in your party's primary, your name cannot be on the ballot in november. after joe biden became vice president and delaware had to elect a new senator, so, mike castle, obviously, was going to be the next senator, everybody knew that
are you suggesting that -- or was it just a slip of the tongue that maybe john boehner and that republican leadership, that they don't believe in the country? >> no. you know, the members of congress who i know in both parties are patriotic. they love the country. but we've created an incentive system that gets you knocked off in your primaries, you know, unless you are willing to be intransigent and to say, "i will never compromise." you know, richard murdoch beat dick luger in...